Disclosure Of Material Accounting Policy Information [Text Block]
| Concept |
2023-01-01 to 2023-12-31 |
|---|---|
| Disclosure of material accounting policy information [text block] | — |
| Description of accounting policy for collateral [text block] |
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| Description of accounting policy for contingent liabilities and contingent assets [text block] |
Contingent liabilities
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| Description of accounting policy for depreciation expense [text block] |
Depreciation
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| Description of accounting policy for derecognition of financial instruments [text block] |
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| Description of accounting policy for derivative financial instruments [text block] |
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| Description of accounting policy for dividends [text block] |
If Santander Bank Polska
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| Description of accounting policy for employee benefits [text block] |
Employee
benefits
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| Description of accounting policy for environment related expense [text block] |
ESG risk
management as part of the risk management framework
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| Description of accounting policy for fair value measurement [text block] |
Based on the GDP
indicator as the main factor determining the condition of the economy,
Santander Bank Polska S.A. Group estimates that if the target level of gross
domestic production will be reduced by 1% in 2024, this would translate into an
increase in expected credit losses in the amount of PLN 29 637 k. The above
analysis was made assuming the preservation of the relationship between
macroeconomic factors.
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| Description of accounting policy for fee and commission income and expense [text block] |
Net fee and commission income
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| Description of accounting policy for financial assets [text block] |
Assessment whether contractual cash
flows are solely payments of principal and interest
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| Description of accounting policy for financial guarantees [text block] |
Santander Bank Polska
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| Description of accounting policy for financial instruments [text block] |
Classification of financial assets and financial liabilities
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| Description of accounting policy for financial instruments at fair value through profit or loss [text block] |
Financial instruments held for trading
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| Description of accounting policy for financial liabilities [text block] |
Classification of financial
liabilities
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| Description of accounting policy for foreign currency translation [text block] |
Transactions
in foreign currencies are translated at the foreign exchange rate ruling at the
date of the transaction. Resulting from these transactions monetary assets and
liabilities denominated in foreign currencies, are translated at the foreign
exchange rate ruling at the balance sheet date. Non-monetary assets and
liabilities denominated in foreign currencies, which are stated at historical
cost, are translated at the foreign exchange rate ruling at the date of the
transaction. Non-monetary assets and liabilities denominated in foreign
currencies that are stated at fair value are translated to the reporting
currency at the foreign exchange rates ruling at the dates that the fair values
were determined. Foreign exchange differences arising on translation are
recognised in profit or loss except for differences arising on retranslation of
instruments of other entities measured at fair value through other
comprehensive income, which are recognised in other comprehensive income.
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| Description of accounting policy for functional currency [text block] |
The Polish
zloty (PLN) is the functional currency of the units which are members of
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| Description of accounting policy for goodwill [text block] |
Goodwill
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| Description of accounting policy for hedging [text block] |
Hedge accounting
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| Description of accounting policy for impairment of assets [text block] |
Impairment losses
on loans and advances
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| Description of accounting policy for impairment of financial assets [text block] |
Allowances for expected credit losses in
respect of financial assets
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| Description of accounting policy for insurance contracts and related assets, liabilities, income and expense [text block] |
Net income on bancassurance
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| Description of accounting policy for issued capital [text block] |
Equity
comprises capital and funds created in accordance with applicable law, acts and
the Articless of Association. Equity also includes retained earnings and prior
year losses carried forward.
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| Description of accounting policy for leases [text block] |
Leasing
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| Description of accounting policy for intangible assets and goodwill [text block] |
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| Description of accounting policy for intangible assets other than goodwill [text block] |
Licenses,
patents, concessions and similar assets
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| Description of accounting policy for interest income and expense [text block] |
Interest revenue
is calculated by applying the effective interest rate to the gross carrying
amount of financial assets and presented in “Net interest income”, except for
credit-impaired financial assets. At the time a financial asset or a group of
similar financial assets is reclassified to stage 3, interest revenue is
calculated on the basis of a net value of a financial asset and presented at
the interest rate used for the purpose of discounting the future cash flows for
the purpose of measurement of impairment.
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| Description of accounting policy for investment in associates [text block] |
Profit on the sale of interests in associates and joint ventures is the
difference between the carrying amount and their sale price.
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| Description of accounting policy for investment in associates and joint ventures [text block] |
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| Description of accounting policy for offsetting of financial instruments [text block] |
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| Description of accounting policy for property, plant and equipment [text block] |
Property, plant and equipment
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| Description of accounting policy for provisions [text block] |
Estimates for legal claims
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| Description of accounting policy for reclassification of financial instruments [text block] |
Changing the business model
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| Description of accounting policy for recognition of revenue [text block] |
Other operating income and other
operating costs
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| Description of accounting policy for repurchase and reverse repurchase agreements [text block] |
Repurchase and reverse repurchase
transactions
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| Description of accounting policy for segment reporting [text block] |
Presentation of information about business segments in Santander Bank
Polska Group bases on management information model which is used for preparing
of reports for the Management Board, which are used to assess performance of
results and allocate resources. Operational activity of Santander Bank Polska
Group has been divided into five segments: Retail Banking, Business &
Corporate Banking, Corporate & Investment Banking, ALM (Assets and
Liabilities Management) and Centre, and Santander Consumer. They were identified
based on customers and product types.
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| Description of accounting policy for share-based payment transactions [text block] |
Equity-settled share-based payment transactions
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| Description of accounting policy for subsidiaries [text block] |
Gain or loss on
the sale of shares in subsidiaries is determined as the difference between the
subsidiary’s net asset value adjusted for unwritten-off portion of goodwill and
the sale price.
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| Description of accounting policy for taxes other than income tax [text block] |
Tax on financial institutions
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| Description of accounting policy for trade and other payables [text block] |
Trade payables and other liabilities
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| Description of accounting policy for trade and other receivables [text block] |
Other trade and other receivables
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| Description of accounting policy for transactions with non-controlling interests [text block] |
Except for own
equity, non-controlling interests are also recognised in Santander Bank Polska
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| Description of accounting policy for transactions with related parties [text block] |
The tables below present transactions with
related parties. They are effected between associates and related entities. Transactions
between Santander Bank Polska Group companies and its related entities are
banking operations carried out on an arm’s length business as part of their
ordinary business and mainly represent loans, bank accounts, deposits,
guarantees and leases. Intercompany transactions effected within the Group by
the Bank and its subsidiaries have been eliminated from the consolidated
financial statements. In the case of internal Group transactions, a
documentation is prepared in accordance with requirements of tax regulations
for transfer pricing.
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